Harel Insurance Investments & Financial Services Ltd. Has $213,000 Stock Holdings in BP plc (NYSE:BP)

Harel Insurance Investments & Financial Services Ltd. cut its position in shares of BP plc (NYSE:BP) by 48.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,596 shares of the oil and gas exploration company’s stock after selling 5,227 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in BP were worth $213,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BP. Fisher Asset Management LLC boosted its holdings in BP by 29.5% during the third quarter. Fisher Asset Management LLC now owns 9,071,080 shares of the oil and gas exploration company’s stock valued at $344,610,000 after purchasing an additional 2,064,781 shares in the last quarter. Invesco Ltd. boosted its holdings in BP by 15.7% during the second quarter. Invesco Ltd. now owns 10,695,526 shares of the oil and gas exploration company’s stock valued at $446,003,000 after purchasing an additional 1,452,653 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in BP during the second quarter valued at approximately $53,354,000. Point72 Asset Management L.P. acquired a new stake in BP during the second quarter valued at approximately $50,840,000. Finally, Verition Fund Management LLC boosted its holdings in BP by 812.8% during the second quarter. Verition Fund Management LLC now owns 976,037 shares of the oil and gas exploration company’s stock valued at $40,701,000 after purchasing an additional 869,110 shares in the last quarter. 10.75% of the stock is currently owned by institutional investors.

Shares of BP traded down $0.18 on Thursday, hitting $39.03. The company’s stock had a trading volume of 1,795,152 shares, compared to its average volume of 8,608,757. The company has a market capitalization of $132.94 billion, a PE ratio of 10.27, a PEG ratio of 1.36 and a beta of 0.75. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.17 and a quick ratio of 0.87. BP plc has a fifty-two week low of $35.73 and a fifty-two week high of $45.38. The company has a 50 day moving average price of $38.16 and a 200 day moving average price of $39.53.

Several research analysts have recently commented on the company. JPMorgan Chase & Co. reissued a “buy” rating on shares of BP in a report on Wednesday, October 23rd. UBS Group reissued a “buy” rating on shares of BP in a report on Monday, October 28th. Jefferies Financial Group raised BP from a “hold” rating to a “buy” rating and boosted their target price for the stock from $46.30 to $48.60 in a report on Wednesday, July 31st. DZ Bank reduced their target price on BP from $620.00 to $600.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, Kepler Capital Markets reissued a “buy” rating and issued a $650.00 target price on shares of BP in a report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $273.43.

About BP

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).

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Institutional Ownership by Quarter for BP (NYSE:BP)

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